PPP Loan information for Morgantown power equipment inc.

$382,600

Morgantown power equipment inc. was initially approved for PPP Loan of amount $382,600, the current approved amount is $382,600. The loan was approved on 04/04/2020 by The Clear Mountain Bank, Inc. reported 43 jobs and $382,600 was used to fund payroll.

Morgantown power equipment inc. is Existing or more than 2 years old

PPP Loan Search / WV / MORGANTOWN / Morgantown power equipment inc.

MORGANTOWN POWER EQUIPMENT INC.

Date Approved

04/04/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

MORGANTOWN POWER EQUIPMENT INC.

Borrower Address

1718 mileground road

Borrower City

MORGANTOWN

Borrower State

WV

Borrower Zip

26505-3753

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

382600.00

Current Approval Amount

382600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

74988

Servicing Lender Name

Clear Mountain Bank, Inc.

Servicing Lender Address

Morgantown St

Servicing Lender City

BRUCETON MILLS

Servicing Lender State

WV

Servicing Lender Zip

26525

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MORGANTOWN

Project County Name

MONONGALIA

Project State

WV

Project Zip

26505-3753

CD

WV-02

Jobs Reported

43

NAICS Code

444210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10774.44

Payroll Proceed

361825.56

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

74988

Originating Lender

Clear Mountain Bank, Inc.

Originating Lender City

BRUCETON MILLS

Originating Lender State

WV

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

385901.89

Forgiveness Date

02/24/2021

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